To attract a broader clientele, XTB, a Polish-origin broker, has joined the industry trend of offering interest on uninvested funds. As per Finance Magnates’ exclusive report, the publicly traded fintech firm will now provide up to 5% interest on dormant deposits in EUR, USD, GBP, and PLN.
Starting this Monday, XTB will launch a promotional campaign to highlight this new feature, allowing clients to accrue interest on their deposited but inactive funds. This information was exclusively shared with Finance Magnates by the company.
Interest will be computed daily and credited monthly. The interest rate will be automatically activated for new and existing clients, regardless of the amount of uninvested funds in their accounts.
The interest rates will vary by country. From November 6th, a special promotional offer will be in effect, with interest rates of up to 5% for USD deposits, 3.8% for EUR, 4% for PLN, and 4.9% for GBP. Following the conclusion of the promotion on November 12th, the interest rate will be adjusted to 2-2.5%, depending on the currency.